
In this episode, Arthur and Kim Lochridge discuss various aspects of tax services, focusing on real estate investment, bonus depreciation, and cost segregation. Kim shares insights on the recent changes in tax laws, particularly regarding bonus depreciation and its implications for real estate investors. They explore specific tax strategies for car washes and gas stations, the importance of proactive tax planning, and the future of CPAs in the industry. Additionally, they highlight emerging trends in residential assisted living and the significance of referral networks in tax services.Chapters
00:00 Introduction to Engineered Tax Services
01:46 Understanding Bonus Depreciation Changes
04:40 Exploring Tax Code Gems: Car Washes and Gas Stations
07:26 Capital Expenditures and ISPs
09:48 Identifying Ideal Clients for Cost Segregation
13:18 The Importance of Proactive Tax Planning
17:50 Navigating the Future of CPAs
19:01 Referral Networks in Cost Segregation
20:45 Using Cost Segregation as a Sales Tool
22:22 Trends in Gas Stations and Car Washes
29:13 Emerging Trends: Residential Assisted Living
33:23 Conclusion and Contact Information